Ethereum (ETH) Price Prediction for May 21
The post Ethereum (ETH) Price Prediction for May 21 appeared on BitcoinEthereumNews.com. The Ethereum price today is trading around $2,542 after failing to break above the $2,588 intraday high. Despite last week’s sharp upside rally that sent ETH soaring above $2,500 for the first time in over a month, the recent Ethereum price action signals a near-term pause as bulls struggle with overhead resistance. The market has now entered a key zone between the $2,520–$2,600 range, where several technical indicators suggest a cooling of bullish momentum. What’s Happening with Ethereum’s Price? Looking at the 30-minute and 4-hour charts, ETH remains within a tight consolidation channel. On the 4H timeframe, price is testing the upper trendline of a descending wedge while staying above major support at $2,439.36. The lower boundary of this range coincides with the previous breakout zone, indicating that bulls may defend this area aggressively. The Ethereum price update reflects muted volatility as Bollinger Bands begin to narrow, suggesting a potential breakout in either direction. Meanwhile, the 4-hour MACD is showing a weak crossover with fading bullish histograms. RSI on the 30-min chart is hovering near 54.8, reflecting a neutral stance, while Stoch RSI on lower timeframes has crossed below 50, hinting at waning short-term momentum. Why Ethereum Price Going Down/Up Today? The recent Ethereum price spikes came as a result of a clean breakout from a long-term descending trendline visible on the daily chart, where ETH surged nearly 20% from its base near $2,200. However, the current hesitation is primarily due to resistance near the 0.382 Fibonacci retracement level ($2,745) from the November 2024 high to the March 2025 low. On the weekly chart, the Ethereum price remains bullish above the $2,450 pivot zone, but further upside is constrained unless bulls can decisively reclaim $2,600. Chande Momentum Oscillator shows a slight bearish divergence on the 30-minute timeframe, which could explain…
The post Ethereum (ETH) Price Prediction for May 21 appeared on BitcoinEthereumNews.com.
The Ethereum price today is trading around $2,542 after failing to break above the $2,588 intraday high. Despite last week’s sharp upside rally that sent ETH soaring above $2,500 for the first time in over a month, the recent Ethereum price action signals a near-term pause as bulls struggle with overhead resistance. The market has now entered a key zone between the $2,520–$2,600 range, where several technical indicators suggest a cooling of bullish momentum. What’s Happening with Ethereum’s Price? Looking at the 30-minute and 4-hour charts, ETH remains within a tight consolidation channel. On the 4H timeframe, price is testing the upper trendline of a descending wedge while staying above major support at $2,439.36. The lower boundary of this range coincides with the previous breakout zone, indicating that bulls may defend this area aggressively. The Ethereum price update reflects muted volatility as Bollinger Bands begin to narrow, suggesting a potential breakout in either direction. Meanwhile, the 4-hour MACD is showing a weak crossover with fading bullish histograms. RSI on the 30-min chart is hovering near 54.8, reflecting a neutral stance, while Stoch RSI on lower timeframes has crossed below 50, hinting at waning short-term momentum. Why Ethereum Price Going Down/Up Today? The recent Ethereum price spikes came as a result of a clean breakout from a long-term descending trendline visible on the daily chart, where ETH surged nearly 20% from its base near $2,200. However, the current hesitation is primarily due to resistance near the 0.382 Fibonacci retracement level ($2,745) from the November 2024 high to the March 2025 low. On the weekly chart, the Ethereum price remains bullish above the $2,450 pivot zone, but further upside is constrained unless bulls can decisively reclaim $2,600. Chande Momentum Oscillator shows a slight bearish divergence on the 30-minute timeframe, which could explain…
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